Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against HTX−0.232%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.232% cheaper against HTX than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SONY-USDT | 23.720 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $8K | $8K | 10x |
| Short | Bitget SONYUSDT | 23.665 | 0 | get 0.0000% / 8h | 2h 18m | $149K | $8K | 20x |
HTX SONY-USDT
Bitget SONYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.232% → 0.000%
- −$23.19
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$68.19
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Bitget: live order book, 21 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 21 min ago | 19.00 bp | 38.8 bp −$39 | 69.8 bp −$698 | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SONY on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SONYUSDT | 0.0000% | 8h | 23.680 | −0.169% | $347K | $282K | 20x | as long as short |
| Bybit SONYUSDT | 0.0000% | 8h | 23.690 | −0.126% | $98K | $33K | 25x | as long as short |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.710 | −0.042% | $75K | $30K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.684 | −0.152% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDTshort | 0.0000% | 8h | 23.665 | −0.232% | $149K | $8K | 20x | |
| Variational Omni SONY | 0.0000% | 8h | 23.681 | −0.165% | $46K | $30K | — | as long as short |
| HTX SONY-USDTlong | +0.0100% | 8h | 23.720 | long leg | $8K | $8K | 10x | |
| KuCoin SONYUSDTM | +0.0461% | 8h | 23.690 | −0.126% | $55K | $373K | 20x | as long as short |
Binance SONYUSDT
Bybit SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Variational Omni SONY
KuCoin SONYUSDTM